Global 3D printing spending to grow 22.3% by 2020 #3dprinting

Worldwide purchases of 3D printers, materials, software and related services are expected to reach $13.2 billion in 2016. Based on a recent update to the Worldwide Semiannual 3D Printing Spending Guide from International Data Corporation (IDC), global expenses on 3D printing will show a five-year compound annual growth rate (CAGR) of 22.3% with revenues reaching $28.9 billion in 2020. The United States will deliver roughly a quarter of worldwide 3D printing revenues throughout the 2015-2020 forecast period while the next three largest regions–Western Europe, Asia/Pacific (excluding Japan) and Japan–combined will deliver more than 50% of total revenues. While the fastest growth will come from the Middle East and Africa (MEA) and Central and Eastern Europe (CEE) regions, Western Europe's strong growth will significantly close the revenue gap with the United States by 2020. I...